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Mumbai: CBI conducting investigations into the accounting scam of Satyam Computers today said that all the directors
on the board of the beleaguered firm acted as 'rubber stamps' and 'not even a single dissent note was recorded' during the board meetings. 'Meetings were conducted in perfunctory manner. In the meetings the promoters were always present to influence the decision. There were no open discussions,' RBI General Manager, currently on deputation with the CBI, J L Negi said at a CBI Workshop here.
The multi-billion Satyam scam, which shook the country in early 2009, washed away over Rs 14,000-crore money from the investors' kitty while the accused Ramalinga Raju and their relatives made a handsome Rs 2,700-crore through fraudulent dealings in shares, CBI said.
The investigators had found majority of the Satyam top-brass and the auditors of the company as guilty in the fraud. The case
is being heard in a court in Hyderabad.
Apart from Ramaliga Raju, other accused include -- Ramaraju, V Srinivas, Gopalakrishnan, T Srinivas, B Suryanarayana Raju, G Ramakrishna, D Venkatapathi Raju, Srisailam Chetkuru and V S P Gupta. PTI
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on the board of the beleaguered firm acted as 'rubber stamps' and 'not even a single dissent note was recorded' during the board meetings. 'Meetings were conducted in perfunctory manner. In the meetings the promoters were always present to influence the decision. There were no open discussions,' RBI General Manager, currently on deputation with the CBI, J L Negi said at a CBI Workshop here.
The multi-billion Satyam scam, which shook the country in early 2009, washed away over Rs 14,000-crore money from the investors' kitty while the accused Ramalinga Raju and their relatives made a handsome Rs 2,700-crore through fraudulent dealings in shares, CBI said.
The investigators had found majority of the Satyam top-brass and the auditors of the company as guilty in the fraud. The case
is being heard in a court in Hyderabad.
Apart from Ramaliga Raju, other accused include -- Ramaraju, V Srinivas, Gopalakrishnan, T Srinivas, B Suryanarayana Raju, G Ramakrishna, D Venkatapathi Raju, Srisailam Chetkuru and V S P Gupta. PTI
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